970 Investment Projects Worth US$23 Billion Approved in the Past Five Years
The Council for the Development of Cambodia (CDC) has approved a total of 970 projects worth more than US$23 billion between 2013 and 2017, 35% of which is the infrastructure-related investment. According to the Ministry of Information, this amount comprises of both new and expansion projects, which on average has helped to create about 219,000 new jobs for local people a year. Infrastructur...
Read MoreUSD31 Million Steel Plant Approved for Kampong Speu Province
The Council for the Development of Cambodia (CDC) has recently approved a request from Hai Sheng Steel Co., Ltd for their project to build a steel plant in Kampong Speu Province in response to the high demand for steel in the kingdom. Located at Preah Nipean Commune, Kong Pisei District, Kampong Speu Province, the project will be built using the budget of USD31.07 million. This new plant is exp...
Read MoreShanghai Company to Expand Tonino Lamborghini Hotels Brand to Cambodia
Tonino Lamborghini Hotel in Wenzhou City scheduled to be opened by 2020 Shanghai-based Join.In Hospitality Management plans to open two new properties under the Tonino Lamborghini Hotels & Resorts brand in Siem Reap Province, according to a report from TTG Asia. The announcement was revealed after the firm signed an agreement with Hong Kong’s Shimao International Development Company to d...
Read MoreExperts Share Insights at Cambodia’s First Ever Tall Buildings Forum
Dozens of experts from both the government and private sectors gathered at Cambodia’s first ever Tall Buildings Forum to share their visions and knowledge on current and future issues for Tall Buildings in Cambodia across the spectrum of planning, design, technology, building operations, safety measures, sustainability and long-term development. Organised by the European Chamber of Commerce in ...
Read MoreFirst “euro Fair” to Be Hosted in Capital
The first “Euro Fair” will be held this weekend to showcase European products from different business industries to the Cambodian market. Hosted on from 29 June to 1 July 2018, around 40 companies will showcase their products at the Diamond Island Convention and Exhibition Centre ranging from automotive, furniture, consumer goods, machinery, medical equipment, pharmaceuticals, financial service...
Read MoreCambodia First International Standard Construction Materials Market Opens
Di Fa (Cambodia) Business Management Co., Ltd has held an evening reception over the weekend to celebrate the grand opening of Cambodia first international standard construction materials market and to announce its first promotion. According to Mr. Lu Ben Jie, General Manager of Difa Building Material Market, the event was held aimed at building the relationship between sellers and buyers of co...
Read MoreNew Sihanoukville Deep Sea Port Terminal Inaugurated
Sihanuokville sea port. Photo credit: MPWT Speaking at the inauguration of the newly-built USD74 million multi-purpose terminal at the Sihanoukville autonomous port on 24 June, Senior Minister and Minister of Public Works and Transport (MPWT) H.E. Sun Chanthol announced the ministry’s plan to further expand the Sihanoukville deep sea port to become an intermediate-scale standard port with the c...
Read MoreH.E Sun Chanthol: No Cut Off in Infrastructure Aid
H.E Sun Chanthol has cast aside rumoursthat Japan, as well as other development partners, plan to cut off assistance for Cambodia's infrastructure. In response to journalists on 23 July, 2018, H.E Sun Chanthol, Senior Minister and Minister of Public Works and Transport (MPWT), said "there is no cut off of aid from any country on the construction of infrastructure in the country." Development...
Read MoreChina Opens Huge Commercial Market for Construction Industry
Huge Chinese-owned commercial market opens in Kandal Province bringing hopes for Cambodia construction industry. On June 21, a furniture manufacturer Chengdu Bayi Furniture Group based in Sichuan Province had officially opened its depot, the 'Chengdu Bayi Cambodia-China Commercial Market' located along National Road No.4 in Roka commune, AngkSnuol District, Kandal Province. Comprising of ent...
Read MoreUsd1 Billion ‘wisney World’ Set for Sihanouvkille
Sample Photo Industrial conglomerate SV International and China’s AMC International have announced that the company will invest around USD1 billion to develop Cambodia’s biggest entertainment complex, dubbed ‘Wisney World’ in the coastal city of Sihanoukville. The plan was announced during the launching ceremony of the project held at the Diamond Island Convention and Exhibition Center on 20...
Read MorePhnom Penh City Hall holds meeting on land ownership issues
Phnom Penh City Hall on Wednesday, June 20, 2018, held a meeting to discuss issues related to land ownership in the city. Chaired by the Phnom Penh Municipal governor Khoung Sreng, the meeting evaluates the progress of granting land to the affected families and land title for people living in Phnom Penh. Aside from that, the meeting also discusses sub-dividing the land for people living in Bore...
Read MoreOver 1,000 Construction Projects Worth Us$2 Bln Approved in H1 2018
More than 1,000 construction projects worth around US$2 billion were approved in the first six months of 2018, according to a report from the Ministry of Land Management and Urban Planning (MLMUP). According to the report, 1,643 projects covering an area of 5,352,422 square metres were approved. Among these construction projects, private investments from foreign countries accounted for 21 pr...
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